Consulting analysts in tomorrow’s commodities and technologies

News

PGM PROJECTS: DNR sends 'totally wrong signal' on access to secret copper mining study

  • Date: 20-06-20
  • Category: PGM PROJECTS
  • Source: Star Tribune

The Minnesota Department of Natural Resources (DNR) has fumbled away an opportunity to free up the sweeping study kept secret by the Trump administration of copper mining's risks to the Boundary Waters Canoe Area Wilderness watershed. The misstep undermines the strong message from state officials last November that they "expect to have access" to the research kept under wraps now for almost two years. At issue is a June 9 decision by the DNR to authorize temporary access to 680 acres of state land to Twin Metals Minnesota. Owned by Chilean mining giant Antofagasta, it is one of several companies aiming to eventually mine the rich deposits of copper, nickel and other precious metals in northeast Minnesota.

View full story

PGM PROJECTS: Implats elects not to exercise its option to increase its stake in the Waterberg Project

  • Date: 17-06-20
  • Category: PGM PROJECTS
  • Source: Impala Platinum

Implats refers to its SENS announcement of 16 October 2017, regarding its strategic investment in the Waterberg Development Project and its right to acquire majority ownership in the project through the exercise of a sale and subscription option following completion of a definitive feasibility study. The Board of Implats has elected not to exercise the current option arrangement to acquire up to 50.1% from the joint venture partners. Implats will, however, retain its 15% ownership in the project.

View full story

PGM PROJECTS: Implats reiterates support for Waterberg project as 15% shareholder

  • Date: 17-06-20
  • Category: PGM PROJECTS
  • Source: Mining Weekly

JOHANNESBURG (miningweekly.com) – Platinum group metals (PGMs) mining and marketing company Implats, which on Wednesday reiterated its support for the Waterberg development project and its joint venture (JV) partners, also expressed its intention to remain an active participant in the project at its current 15% shareholding level.

View full story

PGM PROJECTS: Generation Mining begins MT surveys on the Marathon Palladium Property

  • Date: 17-06-20
  • Category: PGM PROJECTS
  • Source: Globe Newswire

TORONTO, June 17, 2020 (GLOBE NEWSWIRE) -- Generation Mining Limited (CSE:GENM) (“Gen Mining” or the “Company”) is pleased to announce the engagement of Quantec Geoscience Limited to complete a Spartan Magnetotelluric (MT) geophysical survey over portions of the Company’s Marathon Property. The survey will be targeting down dip extensions to palladium enrichment zones at the W-Horizon as well as the large, high velocity seismic anomaly near the Sally Deposit. 

View full story

PGM PROJECTS: Implats rules shareholder returns more important than greenfields Waterberg JV project

IMPALA Platinum (Implats) confirmed its intention not to take a majority position in the Waterberg JV project saying that shareholder returns and a strong balance sheet were its priorities over development of a new mine.

View full story

PGM PROJECTS: Platreef Successfully Completes Sinking of Shaft 1 to its Final Depth of Approximately 1,000 Metres Below Surface

  • Date: 16-06-20
  • Category: PGM PROJECTS
  • Source: Yahoo Finance

Mokopane, South Africa--(Newsfile Corp. - June 16, 2020) - Ivanhoe Mines' (TSX: IVN) (OTCQX: IVPAF) Co-Chairmen Robert Friedland and Yufeng "Miles" Sun announced today that the company's South African subsidiary, Ivanplats, has successfully completed the sinking of Shaft 1 to a final depth of 996 metres below surface, at the company's palladium, platinum, nickel, copper, gold and rhodium Platreef mining licence.

View full story

PGM PROJECTS: PTM to raise $2m for Waterberg project

  • Date: 03-06-20
  • Category: PGM PROJECTS
  • Source: Mining Weekly

TSX- and NYSE-listed Platinum Group Metals (PTM) plans to undertake a private placement to raise $2-million, through the sale of about 1.4-million shares at $1.40 apiece.

View full story

PGM PROJECTS: Junior miner dives into Thunder Bay-area platinum, palladium project

A rechristened junior mining company is taking its first stab at exploring for platinum and palladium on a property halfway between Thunder Bay and the Lac des Iles Mine.

View full story